Sumitomo Chemical Reports Losses and Forex Gains

Sumitomo Chemical Co (JP:4005) has released an update.

Sumitomo Chemical Co., Ltd. experienced a mixed financial quarter with a recorded share of loss from equity-method investments totaling ¥17,352 million, attributed to the poor performance of Rabigh Refining and Petrochemical Company. However, they also reported a substantial foreign exchange gain of ¥33,210 million due to favorable currency rate movements. The detailed impact of these results on the company’s financial performance can be found in their latest quarterly financial summary.

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